Amusement Tax Amendments

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PRESIDENTIAL DECREE NO. 1456: Amusement Tax Amendments

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Title Supreme Court: Amusement Tax Amendments

Law: Presidential Decree No. 1456

Decision Date: Jun 11, 1978

An amendment to the National Internal Revenue Code of 1977 increases taxes on various amusement places in order to generate more government revenue and support economic development. The amendment imposes tax rates ranging from 10% to 20% on the gross receipts of cockfights, cabarets, night or day clubs, boxing exhibitions, professional basketball games, Jai-Alai, race tracks, and bowling alleys, with penalties for non-compliance.

amendment

amusement taxes

government revenue

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